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Yellen defends financial rules under assault from Trump administration

She said any future changes should remain 'modest'

Reuters  |  Jackson Hole 

Reforms put in place after the 2007 to 2009 crisis have strengthened the financial system without impeding economic growth, and any future changes should remain modest, Federal Reserve Chair Janet Yellen said Friday in her fullest defense yet of the rules put in place after the Great Recession. "The balance of research suggests that the core reforms we have put in place have substantially boosted resilience without unduly limiting credit availability or economic growth," the Fed chair said at an annual central bank research conference. Some changes to individual ...

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First Published: Fri, August 25 2017. 19:58 IST
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